Cobalt Blue Holdings Limited (ASX:COB)

Cobalt Blue Holdings Limited, in collaboration with Glomar Minerals LLC, is advancing Project Infinity, aimed at establishing the first commercial polymetallic nodule refinery in the United States. The project is strategically aligned with the US national strategy to develop secure critical mineral supply chains. The consortium leverages Cobalt Blue's proprietary technology, initially developed for the Kwinana Cobalt Refinery, to produce high-purity manganese and cobalt sulphates, alongside nickel and copper metals, essential for the battery market. The project emphasizes the extraction of valuable metals from polymetallic nodules sourced from the Clarion-Clipperton Zone using environmentally friendlier methods compared to traditional mining. Site selection for the refinery in the US has progressed to four shortlisted locations, with considerations for infrastructure, workforce, and permitting pathways. This initiative not only supports the US's critical mineral strategy but also exemplifies Cobalt Blue's leadership in critical mineral processing technology.